LUXXFOLIO Data a 31% Improve in BTC Equal Reserves

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VANCOUVER, BC, Jan. 4, 2022 /PRNewswire/ – LUXXFOLIO Holdings Inc. (the “Firm” or “LUXXFOLIO”) (CSE: LUXX) (OTCQB: LUXFF) (Frankfurt:LUH) (Berlin: LUH), a vertically-integrated digital asset firm, proclaims the next operational replace:

Mining Overview (as at or for the month of December 2021):

  • Bitcoin mine web site working at a gradual state of ~131 PH/s.
  • Whole month-to-month rewards of 20.5 Bitcoin for approximate revenues of USD$1.01M or CAD$1.3M (Nov 2021 = USD$1.4M).
  • Gross mining margin of 81%, which is the same as USD$0.817M (Nov 2021=USD$1.2M).
  • Bitcoin equal reserves at finish of month of ~71.5 (66.7 BTC and 60 ETH) (Nov. 30, 2021= 54.5).
  • Purposeful forex is now recorded in USD vs CAD in prior months. Revenues exclude any adjustment for valuation adjustments in BTC or ETH.
  • An extra 2190 miners are scheduled to be delivered on a month-to-month foundation with all miners delivered by the third quarter of 2022. It will lead to a forecasted improve of 174% in PH from at this time.

Ken MacLean, President of the LUXX Mining Division commented “2021 was fairly a experience for crypto mining. With Bitcoin in a singular section the place the worth and rewards are nonetheless excessive, we count on one other yr of stable progress as we construct out additional infrastructure and mining capability.” 

Latest Firm Highlights

Date

Milestones

Might 2021:

LUXXFOLIO orders 2400 Bitmain S19J Professional miners (NR May 3, 2021);

Jun 2021:

LUXXFOLIO completes acquisition of commercial scale crypto mining operation
(NR Jun. 15, 2021);

Jul 2021:

LUXXFOLIO receives and installs 590 Avalon miners (NR Jul. 19, 2021);

Aug 2021:

LUXXFOLIO proclaims growth to extend capability from 8MW to fifteen MW
(NR Aug. 12, 2021);

Aug 2021:

LUXXFOLIO reinvests worth rebate and installs a further 100 Bitmain S19J
Professional miners (NR Aug. 4, 2021);

Sep 2021:

LUXXFOLIO enters into swap settlement on 600 miners and receives early
supply on 300 (NR Sep. 20, 2021).

Oct 2021:

LUXXFOLIO accepts early ship of a further 75 Miners (complete of 675 early
deliveries) leading to a Hash Fee improve of 144% since Sept. 1 2021 (NR Oct. 14, 2021).

Oct 2021:

LUXXFOLIO confirms order for extra 500 Bitmain S19J Professional miners
thereby growing anticipated future hash charge to 360 PH/s (NR Oct. 21, 2021)

Nov 2021:

LUXXFOLIO Procures Immersion-Cooling for Crypto Mining Operations with
anticipated 25% Improve in Hash Fee (NR Nov. 10, 2021)

Nov 2021

LUXXFOLIO accepts early supply of a further 100 Miners (complete of 735
early deliveries) leading to a Hash Fee improve of 162% since Sept. 1 2021
(NR Nov. 16, 2021)

Nov 2021:

LUXXFOLIO closes acquisition of Ethereum mining operation (NR Nov. 27, 2021);

Dec 2021

LUXXFOLIO closes ~$10 Million Institutional led Purchased Deal Financing led by
funding banking agency PI Monetary (NR Dec. 2)

Dec 2021

LUXXFOLIO finalizes order for extra 500 Bitmain S19J Professional miners thereby
growing anticipated future hash charge to 360 PH/s (NR Dec. 16, 2021)

Estimated Calendar Miner Supply Dates

●        Q1 2022: 790 Miners
●        Q2 2022: 1100 Miners
●        Q3 2022: 300 Miners

About LUXXFOLIO

LUXXFOLIO Holdings Inc. is a publicly-traded vertically-integrated digital asset firm based mostly in Canada. We function an industrial scale cryptocurrency mining facility in the USA operating off largely renewable power with a concentrate on the blockchain ecosystem and era of digital property. LUXXFOLIO supplies a liquid different for publicity to digital property for the broader capital markets.

Observe us on:

  • Twitter at LuxxfolioH
  • The Firm diligently posts updates via movies from the official firm
    YouTube channel at: YouTube Channel
  • Please be part of the dialog on our LUXXFOLIO Holdings supporter’s Telegram group
    at: https://t.me/Luxxfolio

The CSE has not reviewed and doesn’t settle for accountability for the adequacy or accuracy of this launch.

Sure data contained herein could represent “forward-looking data” beneath Canadian securities laws. Typically, forward-looking data might be recognized by way of forward-looking terminology resembling “anticipated”, “forecasted”, “can be”, or variations of such phrases and phrases or statements that sure actions, occasions, or outcomes “will” happen. Ahead-looking statements relating to the Firm, its internet hosting operations, miners, and the Firm’s growth of its progress technique are based mostly on the Firm’s estimates and are topic to identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm and its subsidiary to be materially completely different from these expressed or implied by such forward-looking statements or forward-looking data, together with capital expenditures and different prices. There might be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking data. The Firm won’t replace any forward-looking statements or forward-looking data which might be included by reference herein, besides as required by relevant securities legal guidelines.

SOURCE Luxxfolio Holdings Inc.

Associated Hyperlinks

https://www.luxxfolio.com/



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